Question 1

The U.S. transportation form with the largest share of ton miles shipped is

Accepted Answer

A)  railroads. 
B)  waterways. 
C)  motor carriers. 
D)  airways. 
A)  railroads. 
B)  waterways. 
C)  motor carriers. 
D)  airways.

Question 2

As a firm's order size increases, its total order-processing costs increase while its total inventory-holding costs decrease.

Accepted Answer

A) True 
 B)False

Question 3

What type of warehouse is most appropriate for a firm with stable inventory levels throughout the year?

Accepted Answer

A)  Public 
B)  Private 
C)  Bonded 
D)  Field 
A)  Public 
B)  Private 
C)  Bonded 
D)  Field

Question 4

a.	Differentiate among the value chain, the value delivery chain, and the total delivered product concepts.
b. Explain this statement: "The delivery chain is only as strong as its weakest link."

Accepted Answer

a. The value chain refers to the series

Question 5

Of the major transportation forms, pipelines carry the narrowest range of products.

Accepted Answer

A) True 
 B)False

Question 6

Transportation service companies

Accepted Answer

A)  consolidate small shipments from several companies. 
B)  specialize in next-day delivery. 
C)  handle shipments of small and moderate-sized packages. 
D)  specialize in intermodal shipping. 
A)  consolidate small shipments from several companies. 
B)  specialize in next-day delivery. 
C)  handle shipments of small and moderate-sized packages. 
D)  specialize in intermodal shipping.

Question 7

What effect on a company's reorder point would increasing the safety stock from 5 to 15 units have?

Accepted Answer

A)  The reorder point will fall by 10 units. 
B)  The reorder point will increase by 10 units. 
C)  The reorder point will increase by 10 percent. 
D)  The answer cannot be determined on the basis of the material provided. 
A)  The reorder point will fall by 10 units. 
B)  The reorder point will increase by 10 units. 
C)  The reorder point will increase by 10 percent. 
D)  The answer cannot be determined on the basis of the material provided.

Question 8

Government parcel post, private parcel, and specialized express companies are the three major forms of transportation service companies.

Accepted Answer

A) True 
 B)False

Question 9

The highest degree of channel control is possible with ___ distribution.

Accepted Answer

A)  intensive 
B)  dual 
C)  selective 
D)  exclusive 
A)  intensive 
B)  dual 
C)  selective 
D)  exclusive

Question 10

Outline the major differences between distribution planning in international, as compared to domestic, markets.

Accepted Answer

The major differences between distributi

Question 11

Which of these is an example of a clear distribution standard?

Accepted Answer

A)  Distribution costs need to be lowered. 
B)  Order status information should be available more quickly due to the increased use of computer notebooks by the sales force. 
C)  The use of emergency next-day shipments should be reduced. 
D)  Goods damaged in transit should be reduced by half. 
A)  Distribution costs need to be lowered. 
B)  Order status information should be available more quickly due to the increased use of computer notebooks by the sales force. 
C)  The use of emergency next-day shipments should be reduced. 
D)  Goods damaged in transit should be reduced by half.

Question 12

Manufacturers often like to produce a limited variety due to specialization. However, final consumers usually desire a wide choice and the ability to purchase complementary goods. These differences are resolved through

Accepted Answer

A)  vertical integration. 
B)  horizontal integration. 
C)  the sorting process. 
D)  channel cooperation. 
A)  vertical integration. 
B)  horizontal integration. 
C)  the sorting process. 
D)  channel cooperation.

Question 13

Stock turnover can be calculated in terms of units or dollars.

Accepted Answer

A) True 
 B)False

Question 14

Channel members are able to exchange data via computer hookups through

Accepted Answer

A)  stock turnover. 
B)  just-in-time (JIT) inventory planning. 
C)  electronic data interchange (EDI). 
D)  a quick response (QR) inventory system. 
A)  stock turnover. 
B)  just-in-time (JIT) inventory planning. 
C)  electronic data interchange (EDI). 
D)  a quick response (QR) inventory system.

Question 15

A firm with high seasonality should consider the use of private warehouses to supplement its public warehouse strategy.

Accepted Answer

A) True 
 B)False

Question 16

When manufacturers provide point-of-purchase promotional materials, sales contests, and sales training for retail salespersons, they are involved with push marketing.

Accepted Answer

A) True 
 B)False

Question 17

In a pushing strategy,

Accepted Answer

A)  the manufacturer or service provider hopes that consumers will request the promoted good. 
B)  the promotional support is completely paid for by the manufacturer or service provider. 
C)  a firm first generates consumer demand, and then secures dealer support. 
D)  the various firms in a distribution channel cooperate in marketing a product. 
A)  the manufacturer or service provider hopes that consumers will request the promoted good. 
B)  the promotional support is completely paid for by the manufacturer or service provider. 
C)  a firm first generates consumer demand, and then secures dealer support. 
D)  the various firms in a distribution channel cooperate in marketing a product.

Question 18

Containerization is generally used by firms that rely on multiple forms of transportation for a shipment.

Accepted Answer

A) True 
 B)False

Question 19

Which of these are major characteristics of intensive distribution?

Accepted Answer

A)  The highest degree of channel control, but limited sales potential 
B)  Moderate market coverage and difficulty in carving out a distinctive market niche 
C)  Widespread market coverage and limited channel control 
D)  Moderate number of distribution intermediaries and good sales and profits 
A)  The highest degree of channel control, but limited sales potential 
B)  Moderate market coverage and difficulty in carving out a distinctive market niche 
C)  Widespread market coverage and limited channel control 
D)  Moderate number of distribution intermediaries and good sales and profits

Question 20

Manufacturers' desire for brand loyalty and retailers' desire for store loyalty often result in channel cooperation.

Accepted Answer

A) True 
 B)False

Exam 14: Value Chain Management and Logistics

The U.S. transportation form with the largest share of ton miles shipped is

As a firm's order size increases, its total order-processing costs increase while its total inventory-holding costs decrease.

What type of warehouse is most appropriate for a firm with stable inventory levels throughout the year?

a. Differentiate among the value chain, the value delivery chain, and the total delivered product concepts. b. Explain this statement: "The delivery chain is only as strong as its weakest link."

Of the major transportation forms, pipelines carry the narrowest range of products.

Transportation service companies

What effect on a company's reorder point would increasing the safety stock from 5 to 15 units have?

Government parcel post, private parcel, and specialized express companies are the three major forms of transportation service companies.

The highest degree of channel control is possible with ___ distribution.

Outline the major differences between distribution planning in international, as compared to domestic, markets.

Which of these is an example of a clear distribution standard?

Manufacturers often like to produce a limited variety due to specialization. However, final consumers usually desire a wide choice and the ability to purchase complementary goods. These differences are resolved through

Stock turnover can be calculated in terms of units or dollars.

Channel members are able to exchange data via computer hookups through

A firm with high seasonality should consider the use of private warehouses to supplement its public warehouse strategy.

When manufacturers provide point-of-purchase promotional materials, sales contests, and sales training for retail salespersons, they are involved with push marketing.

In a pushing strategy,

Containerization is generally used by firms that rely on multiple forms of transportation for a shipment.

Which of these are major characteristics of intensive distribution?

Manufacturers' desire for brand loyalty and retailers' desire for store loyalty often result in channel cooperation.

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